BobbyD
Back to the greatest hits package.
Most car companies aren't run on the second by second whim of their CEO. They plan ahead. Some of the things they plan are what cars they will be producing in the future and where they will be producing them. These are called 'Aims'.
You said VW were aiming for, not currently producing. Of course VW don't currently have the production facilities for cars they are aiming to produce in the future all prepped and mothballed, that would be insane, not to mention unprofitable.
Profit? Try here:
https://www.lexico.com/en/definition/profitIf you want vapourware ask elon where the Tesla which went coast to coast in 2017 is. Where these magical self driving taxis which will make Teslas appreciating assets are, or what he's done with the factories which were going to show Legacy auto how to manufacture profitably. Where's the Semi and the Y? Vapourware, huh?
Oh, and I forgot Brussels, which is certified carbon neutral as well.
In order to achieve these 'Aims' companies need to convert plants, secure supply chains etc. A factory doesn't magically appear as the first car rolls off it's production line, just like the plan for a car doesn't not exist until the car is sat on a dealership salesfloor.
From an investors perspective it is important to focus on what is going on and on what one believes is likely to happen.
My thesis remains that Tesla is the only auto company pushing 100% BEV whereas most of the others imho are pushing continued ICE with as much BEV as needed to keep meddling politicians out of their business.
IMHO legacy auto is forced into this position because of their corporate structure that still does not believe that BEV can replace ICE and because of the existing capex on ICE lines which are still selling profitably and because they do not want the high capex of developing their own BEV that is competitive with Tesla.
If I am correct we will see legacy auto release a few BEV vehicles, a few % of the ICE output and many of these will be pitiful jobs like the electric mini that will hurt punter belief in BEV and help keep ICE sales going.
If I am wrong and legacy auto is serious about BEV they will have to scale up their plans and capex to increase BEV to several tens of % of their output in the next few years and they will all need to build a shed load of new battery plants.
Failing this I expect Tesla to increase market share and legacy auto to start feeling competition from Chinese makers, first in China and then in Europe and the US.
Then I expect politicians to realise that legacy auto isn't making enough BEV and for the politicians to introduce pollution regulations that will force much more BEV and much more grid storage and this will bring in new entrants to the business who like Tesla will be totally BEV and that all of this will seriously hurt legacy auto.
So far imho all the announcements and the BEV that legacy has produced are in contradiction. Nothing of what legacy has produced in the BEV is compelling as a mass market car, save perhaps the Honda which so far looks to me to be the best non-Tesla BEV car.
Regards,